Social-first on-chain trading platform fomo said it has acquired proprietary software and intellectual property developed by on-chain data aggregation and infrastructure company Mobula, with part of the Mobula team set to join fomo as it builds its own data capabilities. The deal comes as fomo reported sharp operating growth since early July: total users have doubled to more than 1.9 million, daily new users have topped 30,000, and monthly active users in August exceeded 1.2 million. The company also said its iOS App Store ranking in the finance category reached as high as No. 3. On the business side, fomo said trading volume rose from $500 million in June to $1.5 billion in July, and August is on track for more than $2.8 billion in monthly volume and roughly $17 million in monthly revenue. Co-founder and CEO Paul Erlanger said the acquisition gives the company greater control over its infrastructure as it scales. Mobula founder Sacha Marcus, CTO Sacha Delhoux, and infrastructure lead Cyril Conan will join fomo’s engineering team.
Social-first on-chain trading platform fomo said it has acquired proprietary software and intellectual property developed by on-chain data aggregation and infrastructure company Mobula. Part of the Mobula team will also join fomo to help the company build its own data capabilities.
The acquisition comes as fomo reports rapid user growth. The company said its user base has doubled since early July to more than 1.9 million, with more than 30,000 new users added each day. Monthly active users in August exceeded 1.2 million, and the app climbed as high as No. 3 in the iOS App Store finance category.
Volume and revenue figures released with the deal
fomo said trading volume increased from $500 million in June to $1.5 billion in July. In August, the platform is tracking toward more than $2.8 billion in monthly trading volume and about $17 million in monthly revenue.
Mobula personnel to join fomo engineering
Co-founder and CEO Paul Erlanger said acquiring these assets gives the company greater control over its infrastructure as it expands.
Mobula was founded by Sacha Marcus. Marcus will join fomo’s engineering team along with CTO Sacha Delhoux and infrastructure lead Cyril Conan.
Company profile
Founded in 2025 and based in New York, fomo is backed by Index Ventures, Union Square Ventures, and Benchmark. The platform uses a single account to simplify on-chain trading. fomo Web accounts for about 25% of total volume, and the company has rolled out social trading features including Clans.
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